-
PBGC Fiscal Year 2016 Annual Report – Increasing Deficit in Multiemployer Program
US Government News Watcher WASHINGTON – The Pension Benefit Guaranty Corporation today released its Fiscal Year 2016 Annual Report showing the deficit in its multiemployer insurance program rose to $58.8 billion. The increase was driven by additional multiemployer plans that are expected to run out of money within the next 10 years, and by decreases in interest factors used to value PBGC’s liabilities. PBGC’s single-employer insurance program showed improvement; its deficit narrowed from $24.1 billion, at the end of FY 2015, to $20.6 billion at the end of FY 2016. This was primarily due to investment and premium income and a low level of plan terminations during the year. “The…
-
Join The Collegiate Wind Competition
US Government News Watcher It’s an exciting time to be part of the wind energy industry. Wind is one of the fastest-growing renewable energy sources in the United States, and it has the potential to support hundreds of thousands of jobs in the near future. Since 2014, passionate college students from across the country have learned the ins and outs of the wind industry by participating in the Energy Department’s Collegiate Wind Competition, which challenges undergraduates to design and build a wind turbine and develop a business plan to market their project. This enriching, year-long experience has resulted in nearly 30 teams taking a wind turbine project from concept…
